New Jersey § 12a:4-204
Full text of New Jersey New Jersey Statutes § 12a:4-204, with citation guidance and answers to common questions.
§ 12a:4-204.
a. A collecting bank shall send items by a reasonably prompt method, taking into consideration
relevant instructions, the nature of the item, the number of those items on hand,
the cost of collection involved, and the method generally used by it or others to
present those items. b. A collecting bank may send: (1) an item directly to the payor bank; (2) an item to a nonbank payor if authorized by its transferor; and (3) an item other than documentary drafts to a nonbank payor, if authorized by Federal
Reserve regulation or operating circular, clearing-house rule, or the like. c. Presentment may be made by a presenting bank at a place where the payor bank or
other payor has requested that presentment be made.
Frequently Asked Questions About New Jersey § 12a:4-204
What does New Jersey Statutes § 12a:4-204 cover?
Section 12a:4-204 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:4-204?
A common citation format is "New Jersey Statutes § 12a:4-204" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:4-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.